The global molded FRP (fiber reinforced plastic) grating market is a dynamic sector characterized by the rising demand for lightweight, and durable. Molded FRP grating, made from reinforced fibers embedded in a polymer matrix, finds extensive applications in industries such as construction, oil and gas, chemical processing, and marine. The market is driven by the product's superior properties, including high strength-to-weight ratio, resistance to chemicals and corrosion, and ease of installation.
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Data Bridge Market Research analyses that the Global Molded FRP Grating Market, which was USD 1,705 million in 2022, is expected to reach USD 2,738.09 million by 2030, growing at a CAGR of 6.0% during the forecast period of 2023 to 2030. Rising awareness of safety standards in industries propels the demand for FRP grating, prized for its non-slip surface and safety-enhancing attributes. Stringent regulations drive its adoption as a reliable solution, ensuring workplace safety and mitigating risks associated with slips and falls.
Key Findings of the Study
Increasing demand for FRP grating in marine is expected to drive the market's growth rate
The marine sector increasingly favors molded FRP grating for its exceptional fatigue and corrosion resistance, stiffness, and strength. Its cost-effectiveness compared to alternatives and remarkable durability make it a preferred choice for diverse applications, driving market growth. The material's enduring qualities meet the demanding requirements of marine environments, establishing molded FRP grating as a reliable and economical solution in the maritime industry.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015-2020)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Grating Height (10-30MM, 31-50MM, Above 50MM), Application (Walkways, Docks, Handrails, Walls, Others), Type (Polyester, Vinyl ester, Phenolic, Epoxy, Polyurethanes, Stair Treads, Platforms, Others), Product Type (Angles, Square, Flat Strip, I Beams, U Channel, Round Tube, Wide Flange Beams, Trench Covers, Solid Rods, Fluted Tubes/Ladder Rung, Kick Plate/Toe Plate, Others), Technology (Compression Molding, Cold Press Molding, Vacuum Molding, Foam Molding, Others), End User (Petrochemicals, Pulp and paper, Building and Construction, Food and Beverages, Mining, Pharmaceutical, Oil and Gas, Electrical and Electronics, Water Management, Marine, Defense, Sports and Leisure, Others)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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Fibergrate Composite Pvt. Ltd. (U.S.), Gebrüder MEISER GmbH. (Germany), Fibrolux GmbH (Germany), McNICHOLS CO. (U.S.), STRONGWELL CORPORATION (U.S.), Bedford Reinforced Plastics. (U.S.), American Grating (U.S.), Peabody Engineering LLC. (U.S.), Techno-Composites Domine GmbH (Germany), Liberty Pultrusions (U.S.), SEASAFE, Inc. (U.S.), National Grating (U.S.), Delta Composites, LLC (U.S.), AGC Inc. (Japan), Higoal (India), Hebei Mapel FRP Industry Co., Ltd (China), Suzhou Grating CO., Ltd. (China), Indiana Group. (India), Gardner Buisness Media, Inc. (U.S.), LOCKERGROUP (Australia)
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Data Points Covered in the Report
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In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
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Segment Analysis:
The global molded FRP grating market is segmented on the basis of grating height, application, type, product type, technology, and end user.
- On the basis of grating height, the global molded FRP grating market is segmented into 10-30mm, 31-50mm, and above 50mm
- On the basis of application, the global molded FRP grating market is segmented into walkways, docks, handrails, walls, and others
- On the basis of type, the global molded FRP grating market is segmented into polyester, vinyl ester, phenolic, epoxy, polyurethanes, stair treads, platforms, and others
- On the basis of product type, the global molded FRP grating market is segmented into angles, square, flat strip, I beams, U channel, round tube, wide flange beams, trench covers, solid rods, fluted tubes/ladder rung, kick plate/toe plate, and others
- On the basis of technology, the global molded FRP grating market is segmented into compression molding, cold press molding, vacuum molding, foam molding, and others
- On the basis of end user, the global molded FRP grating market is segmented into petrochemicals, pulp and paper, building and construction, food and beverages, mining, pharmaceutical, oil and gas, electrical and electronics, water management, marine, defense, sports and leisure, and others
Major Players
Data Bridge Market Research recognizes the following companies as the major global molded FRP grating market players in global molded FRP grating market are Techno-Composites Domine GmbH (Germany), Liberty Pultrusions (U.S.), SEASAFE, Inc. (U.S.), National Grating (U.S.), Delta Composites, LLC (U.S.), AGC Inc. (Japan), Higoal (India), Hebei Mapel FRP Industry Co., Ltd (China), Suzhou Grating CO., Ltd. (China), Indiana Group. (India)
Market Developments
- In October 2021, Exel Composites unveiled specialized composites designed to safeguard armed forces. The Camouflage Netting Support Units, engineered to endure substantial loads, offer swift dismantling, and excel in extreme environments. This innovation aids in deceiving adversaries on the battlefield, providing strategic advantages by concealing positions and intentions. Exel Composites' commitment to durable, versatile solutions contributes to enhanced operational capabilities for military forces
- In May 2021, Exel Composites unveiled its innovative antiviral composite solution, Protector. The solution integrates an antiviral additive into composites during manufacturing, effectively reducing viral loads. Primarily designed for areas prone to bacterial accumulation, it serves as an additional protective measure. Applications range from handrails in public transport to equipment handles in cleaning and maintenance scenarios, offering a versatile solution for enhanced hygiene and safety
- In 2020, Strongwell emerged as a frontrunner in the FRP grating market, distinguished by its continual expansion of product offerings. The company's strategic growth is evident in the introduction of a novel line of lightweight FRP grating panels. Tailored for versatility, these panels find application in platforms, walkways, and various settings. Strongwell's commitment to innovation positions it at the forefront of the industry, reflecting a dedication to meeting diverse structural needs through advanced and adaptable FRP grating solutions
- In 2020, Amico Industrial Group strategically expanded its portfolio by acquiring Alabama Metal Industries Corporation (AMICO), a notable manufacturer specializing in FRP grating and various composite products. This acquisition broadened Amico's capabilities, integrating the expertise of AMICO in the production of high-quality FRP grating with Amico Industrial Group's reputation for manufacturing steel grating and other industrial products. The merger positioned Amico as a comprehensive solutions provider, offering a diverse range of industrial and composite products to meet the evolving needs of various sectors
Regional Analysis
Geographically, the countries covered in the global molded FRP grating market report are
U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
As per Data Bridge Market Research analysis:
North America is the dominant region in global molded FRP grating market during the forecast period 2023-2030
North America dominates the global molded FRP grating market, propelled by government investment policies supporting industrial growth, a burgeoning population, and developing economies. The region experiences heightened demand, particularly in the chemicals industry, fostering market expansion. Favorable conditions, coupled with increasing investments, position North America as a key player in the molded FRP grating sector, indicating sustained growth and market prominence.
Asia-Pacific is estimated to be the fastest growing region in global molded FRP grating market during the forecast period 2023-2030
Europe is expected to dominate the global molded FRP grating market from 2023 to 2030, driven by their superior resistance to solvents and oils, enabling usage at higher temperatures compared to other rubbers. The region experiences surging demand across diverse end-user industries, further propelling market growth. The exceptional properties of molded FRP grating make it a preferred choice, establishing Europe as a significant hub for the expanding applications of this versatile and resilient structural solution.
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